Citibank 2015 Annual Report Download - page 105

87
Renegotiated Loans
The following table presents Citi’s loans modified in TDRs.
In millions of dollars
Dec. 31,
2015
Dec. 31,
2014
Corporate renegotiated loans (1)
In U.S. offices
Commercial and industrial (2) $ 25 $ 12
Mortgage and real estate (3) 104 106
Loans to financial institutions 5—
Other 273 316
$ 407 $ 434
In offices outside the U.S.
Commercial and industrial (2) $ 111 $ 105
Mortgage and real estate (3) 33 1
Other 35 39
$ 179 $ 145
Total corporate renegotiated loans $ 586 $ 579
Consumer renegotiated loans (4)(5)(6)(7)
In U.S. offices
Mortgage and real estate (8) $ 7,058 $15,514
Cards 1,396 1,751
Installment and other 79 580
$ 8,533 $17,845
In offices outside the U.S.
Mortgage and real estate $ 474 $ 695
Cards 555 656
Installment and other 524 586
$ 1,553 $ 1,937
Total consumer renegotiated loans $10,086 $19,782
(1) Includes $258 million and $135 million of non-accrual loans included in the non-accrual assets
table above at December 31, 2015 and December 31, 2014, respectively. The remaining loans are
accruing interest.
(2) In addition to modifications reflected as TDRs at December 31, 2015, Citi also modified $173 million
and $17 million of commercial loans risk rated “Substandard Non-Performing” or worse (asset
category defined by banking regulators) in offices inside and outside the U.S., respectively. These
modifications were not considered TDRs because the modifications did not involve a concession (a
required element of a TDR for accounting purposes).
(3) In addition to modifications reflected as TDRs at December 31, 2015, Citi also modified $22 million
of commercial real estate loans risk rated “Substandard Non-Performing” or worse (asset category
defined by banking regulators) in offices inside the U.S. These modifications were not considered
TDRs because the modifications did not involve a concession (a required element of a TDR for
accounting purposes).
(4) Includes $1,861 million and $3,132 million of non-accrual loans included in the non-accrual assets
table above at December 31, 2015 and 2014, respectively. The remaining loans are accruing interest.
(5) Includes $53 million and $124 million of commercial real estate loans at December 31, 2015 and
2014, respectively.
(6) Includes $138 million and $184 million of other commercial loans at December 31, 2015 and
2014, respectively.
(7) Smaller-balance homogeneous loans were derived from Citi’s risk management systems.
(8) Reduction in 2015 includes $7,548 million related to TDRs sold or transferred to held-for-sale.
Foregone Interest Revenue on Loans (1)
In millions of dollars
In U.S.
offices
In non-
U.S.
offices
2015
total
Interest revenue that would have been accrued
at original contractual rates (2) $1,155 $555 $1,710
Amount recognized as interest revenue (2) 691 189 880
Foregone interest revenue $ 464 $366 $ 830
(1) Relates to corporate non-accrual loans, renegotiated loans and consumer loans on which accrual of
interest has been suspended.
(2) Interest revenue in offices outside the U.S. may reflect prevailing local interest rates, including the
effects of inflation and monetary correction in certain countries.